气候变化领域集成服务门户(CCPortal): Climate risk and financial stability: evidence from syndicated lending

CCPortal

DOI	10.1080/1351847X.2024.2343111
	Climate risk and financial stability: evidence from syndicated lending
	Conlon, Thomas; Ding, Rong; Huan, Xing; Zhang, Zhifang
发表日期	2024
ISSN	1351-847X
EISSN	1466-4364
英文摘要	We study the impact of unexpected climate shocks on banks' individual and systemic risks. Employing climate risk measures developed using the Billion-Dollar Weather and Climate Disasters data from the National Oceanic and Atmospheric Administration (NOAA) and Dealscan syndicated lending data, we find that climate risk exposure acquired through cross-state lending increases banks' individual and systemic risks. We also find that bank profitability helps offset some of the adverse effects of climate risk. Banks reduce lending and increase loan loss reserves after the experience of an unexpected climate shock. The loan-level analysis reveals that the effect of climate risk exposure on bank risks is more pronounced for loans granted for operating and capital expenditures. We contribute to a growing literature on the impact of climate risk on financial stability and the development of robust measures of climate risk for banks.
英文关键词	Bank lending; climate change; climate risk; financial stability; systemic risk; G20; G21; G30; G32; N20
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:001209175500001
来源期刊	EUROPEAN JOURNAL OF FINANCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/291997
作者单位	University College Dublin; Universite Catholique de Lille; EDHEC Business School; University of Warwick
推荐引用方式 GB/T 7714	Conlon, Thomas,Ding, Rong,Huan, Xing,et al. Climate risk and financial stability: evidence from syndicated lending[J],2024.
APA	Conlon, Thomas,Ding, Rong,Huan, Xing,&Zhang, Zhifang.(2024).Climate risk and financial stability: evidence from syndicated lending.EUROPEAN JOURNAL OF FINANCE.
MLA	Conlon, Thomas,et al."Climate risk and financial stability: evidence from syndicated lending".EUROPEAN JOURNAL OF FINANCE (2024).